Indian equity benchmarks retreated on Thursday after gains seen in previous two sessions, reacting to weak global cues and 2G case news. The Nifty has swung around the 5550 level while the Sensex shed more than 100 points in trade today.
Hemen Kapadia of chartpundit.com said markets could drift tomorrow also. "5560 is an important level. We are obviously quoting below that. So the next level comes in at 5505 and beyond that I am not sure if there is too much downside beyond 5450. So thatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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